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Politics Triumphs Economics?   
Politics Triumphs Economics?
Political Economy and the Implementation of Competition Law and Economic Regulation in Developing Countries

Pradeep S Mehta, Simon J. Evenett (EDS.)

Hard Bound Book (6¼" x 9¼") :   Pages : 468
2009  Edition   :   ISBN 13: 978-81-7188-725-5
Price : Rs. 1195.00 ; US$ 69.95
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The last two decades have been marked by a sea change in the world of regulation—regulatory laws which facilitate the creation of independent regulators have been passed in many countries, both developed and developing. However, it has been observed that mere adoption of regulatory laws is a necessary but not a sufficient condition for changes in regulatory/economic outcomes. Implementation often constitutes the crucial difference between success and failure and this is particularly true in developing countries.

The mentioned premise constitutes the starting point of this volume compiled by CUTS as a part of a project entitled the Competition Regulation and Development Research Forum (CDRF), which is a compendium of studies devoted to characterising the state of the world in regulation in developing countries and identifying the political economy and governance constraints that often frustrate the successful implementation of regulatory laws in the developing world. Such detailed identification of constraints is necessary if we are to solve the puzzle of how regulatory objectives/provisions that look so good on paper end up being so ineffective in practice.

The study will be of interest to almost the entire spectrum of professionals connected to regulation or its use: academicians, researchers, practitioners, policy makers, members of competition authorities or sector regulatory agencies etc. It is hoped that through this volume the study of regulation in developing countries emerges as a distinct field, as it should, given that these countries have regulatory needs and constraints that differ markedly from those developed countries.

  About the EDITORS:    

Pradeep S. Mehta, CUTS International and CUTS Institute for Regulation & Competition, India

Simon J. Evenett, Universität St. Gallen and CEPR, Switzerland.



List of Tables and Annexures





  1. 1. Introduction
    — Pradeep S. Mehta and Simon J. Evenett

  2. 2. Tackling the “Tyranny of Vested Interests”: Competition Policy as Political Governance
    — Max Everest-Phillips

  3. 3. Strategic Priorities of Competition and Regulatory Agencies in Developing Countries
    — Valentina Zoghbi

  4. 4. Technical Assistance for Law and Economics: An Empirical Analysis in Antitrust/Competition Policy
    —  Michael W. Nicholson, D. Daniel Sokol and Kyle W. Stiegert

  5. 5. Does Regulation and Institutional Design Matter for Infrastructure Sector Performance?
    — Luis Andres, Jose Luis Guasch and Stephane Straub

  6. 6. Aspects of the Independence of Regulatory Agencies and Competition Advocacy
    — Gesner Oliveira, Eduardo Luiz Machado and Lucas Martins Novaes

  7. 7. Competition and Regulatory Institutional Structures in Micro-states “The Case of the Caribbean”
    — Cezley Sampson and Faye Sampson

  8. 8. Regulatory Challenges in Electricity Markets in India
    — Devendra G. Kodwani

  9. 9. Identifying and Overcoming Political Economy and Governance Constraints to the Effective Implementation of Competition and Regulatory Law: The Case of Zambia
    — Thula Kaira

  10. 10. Regulation, Corporate Governance and the Banking Sector: The Case of Bangladesh
    — Thankom Arun and Masrur Reaz


Luis Andres, World Bank, USA

Thankom Arun, Lancashire Business School, UK

Max Everest-Phillips, Senior Governance Adviser, Growth and Investment Group, Department for International Development, UK

Jose Luis Guasch, World Bank and University of California, San Diego, USA

Thula Kaira, Zambia Competition Commission, Zambia

Devendra G. Kodwani, The OU Business School, UK

Eduardo Luiz Machado, Technological Research Institute (IPT), Brazil

Michael W. Nicholson, Transylvania University, USA

Lucas Martins Novaes, Getúlio Vargas Foundation (FGV), Brazil

Gesner Oliveira, Getúlio Vargas Foundation (FGV), Brazil

Masrur Reaz, DFID, Bangladesh

Cezley Sampson, Mona Institute of Business at the University of the West Indies in Kingston, Jamaica

Faye Sampson, Legal Consultant, Jamaica

D. Daniel Sokol, University of Missouri-Columbia School of Law, USA

Kyle W. Stiegert, University of Wisconsin-Madison, USA

Stephane Straub, University of Edinburgh, UK

Valentina Zoghbi, Project Lawyer at the International Bar Association, UK

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